The Bermuda-based Catlin Group Limited announced that it has “significantly strengthened its leadership position in crisis management underwriting with the addition of two experienced product recall insurance underwriters.” Steven Ward will join Catlin Australia in Sydney as a dedicated product …
Standard & Poor’s Ratings Services has revised its outlook on Netherlands-based Eureko B.V. and related core subsidiaries to negative from stable. S&P also affirmed the ‘A-‘ long-term counterparty credit rating on Eureko B.V. and the ‘A+’ long-term counterparty credit and …
Insurance Australia Group Limited announced that it is increasing its interest in the general insurance business of AmAssurance, its joint venture in Malaysia, from 30 percent to 49 percent, and at the same time exiting the life insurance part of …
China Life Insurance Co, the world’s biggest life insurer by market value, is interested in buying Asian assets of American International Group, a senior China Life manager briefed on the situation said on Monday. “We want to buy parts of …
Insurance Australia Group Limited (IAG) and State Bank of India (SBI) announced that they have signed a joint venture agreement to establish a general insurance company in India, which is expected to commence trading in 2009. IAG Managing Director and …
The Insurance Australia Group Limited (IAG) announced that it has received around 6,000 claims as a result of the storms that hit southeast Queensland (See IJ web site – https://www.insurancejournal.com/news/international/2008/11/18/95591.htm). IAG said its initial damage estimates are in the A$60 …
Des Moines-based Principal Financial Group has applied to the U.S. Treasury for $2 billion from a capital purchase program. The retirement, insurance and financial services company says it would issue preferred shares and warrants to the Treasury. The company would …
A series of violent storms tore across Australia’s East Coast, sweeping one man down a storm drain to his death, blowing roofs off houses and knocking out power to hundreds of thousands of buildings. Sunday’s storms dumped golf ball-sized hail …
Both A.M. Best and Fitch Ratings have reacted negatively to the news that the Exporters Group has entered into an agreement to transfer renewal rights to Australia’s QBE Holdings. Best put its financial strength rating of ‘A-‘ (Excellent) and issuer …
U.S. President-elect Barack Obama’s credentials may be green, but gathering financial gloom means fixing the economy will take priority on his agenda before dealing with national carbon trading and clean-energy investment. Analysts and carbon brokers believe Obama’s support for an …
